New payment service from Google?

When I browsed through my Google Alerts today, I was pleasantly surprised to find links to various "breaking news" articles about Google reportedly planning to start an electronic payment system sometime this year.

If it's true, this is the best piece of news for me this year. I always knew that this would be something they (Google) would definitely get into -- I mean why not? With a brand name like Google and a cult-like following among webmasters, Google doesn't need much effort to entice anyone to at least give such a service a try.

A rival payment service such as the ever popular PayPal.com must be feeling the heat right about now. I like PayPal.com, it serves me (limitedly) well but being a Malaysian, I am still unable to withdraw funds from my PayPal account. They (PayPal) seem to think that it's quite alright to offer Malaysians a half-baked solution.

I am almost certain Google will offer a complete solution to their e-payment service even if the webmaster is from some far away place like Malaysia... at least I certainly hope so.

Report: Google to Start New Payment System

MOUNTAIN VIEW, Calif. -- Online search-engine leader Google Inc. is preparing to introduce an electronic payment system later this year in a move that would pose a financial threat to one of its biggest advertisers, Internet auctioneer eBay Inc. more...